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A firm has $13M in debt and $28M in equity. Its cost of debt is 5.2 and tax rate of 31. Its estimated to have

A firm has $13M in debt and $28M in equity. Its cost of debt is 5.2 and tax rate of 31. Its estimated to have a Beta of 1.6.

Current market conditions suggest that the risk-free rate is 2.1% while the expected return on market portfolio is 11.3.

Estimate the firm's WACC. Round your answer to the nearest basis point (0.0001).

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